There's really no straight answer to this one - the type of fish you target will somewhat dictate the tackle you use.
Being the poor bugger that I am, I'll often scoop up items that are on sale. Earlier this season I stocked up on big spinnerbaits that were on sale at TFH, and they work great for pike and occasionally for walleye as well, and are pretty solid. Also got a handful of Rapalas at Cabela's yesterday for $5 each. not SUPER cheap, but still a very good deal, and TFH has a bunch of discontinued Storm crankbaits for pretty cheap.
Actually TFH has a whole rack of inexpensive spoons, spinnerbaits, and other lures that aren't too bad. If you're concerned about hook quality a pack of trebles isn't too expensive, and then you can just swap them out.
Ditto for cheap crankbaits - I've seen some very inexpensive ones (like Liquidation World had on for about $.50 last year) that have good action. Again, just swap out the trebles.
Jigs and soft plastics are another decent way to go. Sure you'll straighten out the odd hook if you snag bottom, but that's just part of the game sometimes
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